Exploring The Coming Energy Crisis And The Way Forward 39

News update

India’s 100 GW Solar Target Could Create 1 Million Jobs by 2022The Energy Collective
Delhi is abuzz as the first renewable energy-financing summit organized by the Indian government, RE-Invest 2015, wrapped up with commitments totaling a whopping 266 GW of renewable energy in the next 5 years. For context of the magnitude of these commitments, the country currently has about 250 GW of total installed power from all sources. According to a new interim report, if India achieves its new target of 100 GW of installed solar energy by 2022, as many as 1 million FTE jobs could be created.

Is the US Overplaying Its Energy Hand?Richard Heinberg
This is how empires crash: the folks in charge pay their information ministries to come up with only good news; rulers act on the basis of unrealistic assumptions; reality bites; and when it does, no one is prepared. The evidence suggests the United States is playing energy poker with a pair of jacks in its hand, but betting as if it had four aces.

Israel, Gaza, and Energy Wars in the Middle EastMichael Schwartz, Tomdispatch.com
Amid the many fossil-fueled conflicts in the region, one of them, packed with threats, large and small, has been largely overlooked, and Israel is at its epicenter. Its origins can be traced back to the early 1990s when Israeli and Palestinian leaders began sparring over rumored natural gas deposits in the Mediterranean off the coast of Gaza.

The Problem of Debt as We Reach Oil Limits (Part 3 – A New Theory of Energy and the Economy)Gail Tverberg
Many readers have asked me to explain debt. They also wonder, “Why can’t we just cancel debt and start over?” if we are reaching oil limits, and these limits threaten to destabilize the system. To answer these questions, I need to talk about the subject of promises in general, not just what we would call debt.

Fooling peak oil one more time: can we find new sources of liquid hydrocarbons?Ugo Bardi
The world peak of conventional oil production took place in 2005-2006, but the supply of combustible liquids did not decline, mainly because of the contribution of the newly developed “shale oil” (or “tight” oil) fields. With the impending worldwide peak of “all liquids” it is likely that the industry will try a new, all out effort to squeeze out the last drops of liquid oil from whatever sources are available, no matter how dirty and expensive.

Is An Infinite Amount of Oil Enough?Rhett Allain, Wired.com
The burning of oil based products produces carbon dioxide and other stuff that’s not so nice. Also, there is only so much oil in the ground. Sure, the Earth keeps making more through a very slow process. But we are using it up way faster than it is being created by natural means. So, the question is: how much oil can we find? How long will it last? Let’s get started.

To Make Hope Possible Rather Than Despair ConvincingDavid Bollier
Discourse is law. And it’s something that progressive advocates have never really learned. They have never developed a discourse that can express their own putative values. Wittingly or not, most have instead embraced the utopian narrative of American neoliberalism – that human progress will continue through economic growth, better technology, and a system of government that caters to the demands of capital while making grudging concessions to social or environmental concerns.

Energy and Oil Crisis in India

Serious discussion of energy and related themes in India is restricted to specialists and held behind closed doors. This is something we can no longer afford, especially so, since we have embraced a high energy input development model, despite having to meet most of our energy needs through oil imports. This has serious implications when seen in the context of Peak Oil.

About Peak Oil India

India is facing a big energy crisis. As the second most populous nation in the world, year after year, India is continuously ranking as one of the biggest consumers of energy in the world. Here at Peak Oil India, we are going to explore this topic further and delve into analysis and discussions to bring awareness to people.

Peak Oil – Fact or Fiction?

There is a big debate over Peak Oil and whether it is a reality or just another conspiracy theory. The truth is oil resources, and other fossil fuels are depletable. Now the real question is – when they are going to cease to exist? There is no clear consensus among experts. Some argue that we have not even scraped the surface of the earth and it’s resources, while others say that we have far surpassed the Peak Oil extraction and increase in price is inevitable. The matter of fact is the sooner we can limit our dependence on natural resources and turn to renewable energy the better off we will be as a civilization in the years to come.